Economy USA

Slowdown in job creation in the private sector in the United States

NEW YORK (Reuters) – Job creation in the private sector in the United States below expectations in August, according to the results of the monthly ADP released Wednesday.

Private employers added 91000 jobs in August, while the market was expecting 100,000.

This is the second consecutive month that the creation slows, and the figure of August is the lowest since the May, which caused great disappointment in not emerging as 35,000.

The number of jobs created in July was revised down to 109,000, against 114,000 in the first estimate.

ADP Employer Services survey, conducted in partnership with Macroeconomic Advisers LLC, is considered a leading indicator of monthly statistics on employment figures which are expected on Friday.

Economists polled by Reuters anticipate 75,000 new posts in the private and the public, but outside the agricultural sector after 117,000 in July.

Another study, whose results were published shortly before, indicated that the number of planned redundancies in corporate America had declined in August after three consecutive months of increases.

The figure of the survey, conducted by the firm Challenger, Gray & Christmas, still well above its level a year ago.

The number of planned cuts fell in August to 51114 from July’s, down 23% compared to July (66,414), but up 47% compared to August 2010 (34 768).

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS